Posted to Maritime Reporter
on
November 15, 2024
Danish logistics and shipping firm DFDS announced on Friday that it has agreed to purchase the international transport network of Turkey's Ekol Logistics, overturning a two-week-old decision to cancel the deal. DFDS stated that the acquisition was finalized after renegotiating some terms.
Posted to Maritime Reporter
on
July 23, 2024
Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…
Posted to Maritime Reporter
on
July 23, 2024
Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.